CascadesInc. announced a $21-million investment in its CascadesInopak (Drummondville, Canada) and PlastiquesCascades (KingseyFalls, Canada) plants in order to acquire equipment enabling it to increase its production of food packaging, primarily for the fresh protein market.
The Cascades Inopak plant in Drummondville will benefit from a $15-million investment. This will be used to expand the existing building and to install a high-performance rPET film manufacturing line that is unique in Canada and which includes a built-in, cutting-edge decontamination unit. This will make it possible to significantly increase the production capacity of Integral TM packaging, which is made from recycled PET, is recyclable and allows food in certain markets—such as fresh protein—to be kept for double the amount of time, thus radically reducing food waste.
Nearly $6 million will be invested in the Kingsey Falls Plastiques Cascades plant to modernize equipment, notably by adding anew extrusion line and two recycling lines, which will increase the production capacity by 25% and double the plant's internal recycling capacity. The Kingsey Falls plant produces EVOK ® , the first polystyrene foam tray in North America to contain at least 25% recycled materials. These investments will facilitate an eventual increase in this percentage and, by extension, further reduce the CO 2 emissions of products marketed by our customers.
"The strategic investments announced today will strengthen Cascades' position in the food packaging segment, by increasing our production capacity thus providing the tools to increase our market share. They will generate more than 10new jobs, primarily in the production and sales sectors, and will consolidate the 216 jobs that already exist in these twounits. We are particularly proud of the fact that we lend our recovery expertise to the food sector and that we are taking the fight against food waste to yet another level," said Cascades President and CEO Mario Plourde.
Cascades produces, converts and markets packaging and tissue products that are composed mainly of recycled fibres.
